Did You See the "Air of Crisis" Hovering Around the Budget Deficit?

In the wake of the new CBO numbers showing projecting that the debt-to-GDP ratio is actually projected to fall over the next decade, the Washington Post decided to give us one of its classic deficit/debt fear-mongering stories. The piece could avoid noting the obvious fact that there is nothing that could remotely pass as a deficit crisis in the immediate future, but it did tell us;

"Policymakers have capped spending on agency budgets, permitted across-the-board spend­ing cuts known as the se...